FMC acquires parts of DuPont’s Crop Protection business
FMC Corporation announced this morning it is acquiring portions of DuPont’s Crop Protection business.
DuPont is required to divest segments of its business in order to comply with the European Commission ruling related to its merger with Dow.
Pierre Brondeau president and CEO of FMC says the acquisition is a significant step forward for FMC and its agricultural solutions business. “The portfolio of products we are acquiring is world class in its technology and margin profile,” he says. “The additional innovation capabilities we are acquiring allow us to advance our plans in R&D by many, many years.”
FMC will acquire DuPont’s global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and a significant portion of DuPont’s global crop protection R&D capabilities.
DuPont will acquire FMC Health and Nutrition and receive $1.2 billion in cash.
Brondeau says the transaction is expected to close in the fourth quarter of this year.
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